On proxy-voting issues at 32 companies the AFL-CIO considers representative of a “worker-owner view of value that emphasizes management accountability and good corporate governance,” Vanguard voted against all 32 proposals; Northern Trust, 28 out of 29; BlackRock, 30 out of 32; and Fidelity, 28 out of 30.

Another finding, according to Brandon Rees, acting director of the AFL-CIO office of investment, as reported by Pensions & Investments:

Asset managers more concentrated in defined contribution plans tend to vote more often with management on issues covered in the key-vote survey. There is always a concern about potential conflict of interest that any asset manager might be tempted not to bite the hand that feeds it given the growth of the 401(k) market.

For a news stream on mutual fund votes, analysis and to request a custom analysis of fund voting, see FundVotes. com.